Local recruitment seeing recovery: job bank

The job bank said statistics showed that enterprises' demand for labor supplies as well as their recruitment on campus is increasing after the new year. The campus recruitment will officially begin in March, said the job bank.

Unemployment Rate Indicates Recovery

According to the Directorate General of Budget, Accounting and Statistics (DGBAS), the unemployment rate in January this year is 4.16 percent. This indicates a drop of three consecutive months, government officials said. The officials said the unemployment rate in January this year was also the lowest for the last six months.

The DGBAS said a strong demand for labor is forecast to appear in February and March due to the expanding market driven by the increasing demand for new employees, the DGBAS said.

The job bank said 24.5 percent of local enterprises are optimistic for the economy for March this year. On the other hand, 17.2 percent of the enterprises remain pessimistic over a possible economic rebound, and the remainder of respondents remain neutral, the job bank said.

According to the job bank, 32.9 percent of enterprises will be recruiting new staff in March. The job bank said 44.6 percent of local enterprises will not be recruiting, 9.7 percent will decrease their recruitment and 12.8 percent remain uncertain.

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